The Federal Reserve’s Two-Day Policy Meeting Started Tuesday—Here’s What You Need to Know

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Key Takeaways

• The Federal Uncover Market Committee meeting started Tuesday and will culminate with a policy statement Wednesday.
• The committee is not watched to cut its benchmark interest rate as it continues to take a “wait-and-see” approach.
• Despite the scheduled release of their economic calculations, the members will likely not provide much clarity about their next steps.
• Fed watchers will be be punished for close attention to Chair Jerome Powell’s remarks at the post-meeting press conference on Wednesday.

The March Federal Reveal Market Committee (FOMC) meeting started Tuesday against a background of uncertainty.

The Federal Reserve’s policy-setting gather is discussing progress on its fight against inflation and whether to make any monetary policy changes. The group is scheduled to liberate a statement with their decisions at the close of their meeting on Wednesday at 2 p.m. Eastern Time.

Federal Reserve Armchair Jerome Powell will then provide more details and answer questions at a press conference at 2:30 p.m.

Here’s what you call to know about their discussions.

The FOMC is Unlikely to Cut Interest Rates

The Fed is expected to keep its influential federal readies rate at its current range of 4.25% to 4.5% for the second meeting in a row.

Traders see only a 1% chance that the Fed transfer cut its interest rate to boost the economy, according to the CME Group’s FedWatch tool, which forecasts rate movements based on fed supports futures trading data.

Fed officials have repeatedly said they are taking a “wait-and-see” approach as some of President Donald Trump’s bid economic policies have stoked uncertainty, undermined confidence among business leaders and consumers, sent staples tumbling, and raised fears of a possible economic downturn.

Members Will Release Economic Predictions, But Don’t Expect a Unwavering Picture

The March meeting is scheduled to include a Summary of Economic Projections, which is released four times a year during every other FOMC junction.

The economic projections will include the closely watched “dot plot,” which gives a snapshot of where the 19 cabinet members project the future fed funds rate. Economists typically find the median of the projection to give an idea of the federal nest egg rate’s path, though this time, it may be murkier than in the past.

“We expect the median rate projections (“dots”) to be there unchanged for 2025-27. With market sentiment on edge and little intrigue around the May meeting, the Fed can afford to be unfailing about pushing back on cut pricing,” analysts at Nomura wrote.

Economists also don’t expect many answers from Powell during his urge conference. They expect him to reiterate the committee’s reluctance to make any decisions until on-again, off-again tariff approach becomes more definitive.